LOEWS CORP — Director's Dealing 2017

Dec 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2017-11-30

Reporting Person: EDELSON DAVID B (Sr. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-30	Common Stock	M	11250	$49.17	Acquired	11250	Direct
2017-11-30	Common Stock	M	11250	$40.34	Acquired	22500	Direct
2017-11-30	Common Stock	M	11250	$47.71	Acquired	33750	Direct
2017-11-30	Common Stock	M	11250	$38.38	Acquired	45000	Direct
2017-11-30	Common Stock	D	39191	$50.41	Disposed	5809	Direct
2017-11-30	Common Stock	S	5809	$50.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-30	Stock Appreciation Right	$49.17	M	11250	Disposed	2018-01-08	Common Stock (11250)	Direct
2017-11-30	Stock Appreciation Right	$40.34	M	11250	Disposed	2018-01-08	Common Stock (11250)	Direct
2017-11-30	Stock Appreciation Right	$47.71	M	11250	Disposed	2018-01-08	Common Stock (11250)	Direct
2017-11-30	Stock Appreciation Right	$38.38	M	11250	Disposed	2018-01-08	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $50.09 and $50.43. The Reporting Person, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities at each separate price sold.

F2: The Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2009.

F3: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.